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โ€๐ŸŸฅ Powell warns: "The zero interest rate level is still a risk"

๐ŸŽ™๏ธ U.S. Federal Reserve Chairman Jerome Powell:

โ–ช๏ธ The zero interest rate still poses a potential risk to the financial systemโ€ฆ and it should be "reassessed"

โ–ช๏ธ An internal agreement at the Fed on the necessity to review the strategy for dealing with:

โ€” medium-term inflation

โ€” partial unemployment

๐Ÿ“Š Expectations indicate that the Personal Consumption Expenditures (PCE) rate may reach 2.2% in April โ€“ a reading that markets are closely monitoring to determine the upcoming interest rate path.

๐Ÿ“‰ Is monetary policy heading for change? Or should we expect additional pressure on inflation before any action?

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